Contrary to industry fears, there is no evidence that EVS are being scrapped at a higher rate than ICE vehicles due to their significantly higher repair costs
A 0.5% fall in used values over the first nine days in May was observed at cars aged three years and 60,000 miles on the clock, according to the latest mid-month analysis from Cap HPI.
Matt Freeman, managing consultant at cap hpi consulting explores the rise in plug-in hybrid electric vehicles (PHEV) registrations.
April saw average car values at the three-year, 60,000-mile point, fall by 1.5%, equivalent to around £300 as the market returns to seasonal norms.
Sales of electric cars are expected to hit 400,000 this year, according to a new launched by cap hpi consulting.
New data from cap hpi shows that only 17% of independent dealers stocked and advertised an electric vehicle last month, according to cap hpi.
The split between business and retail demand for new car is becoming a gulf, with the BVRLA’s latest Leasing Outlook report
The start of April saw used values fall 0.7% for three year old cars and 60,000 miles on the clock.
Healthy retail demand and strong auction conversion rates are characterising a stable used car market, according to experts at cap hpi.
The used car market has seen continued positivity over the end of January and early February, according to experts at cap hpi.
Chet Patel has been appointed as a new key account manager for cap hpi’s OEM consulting team.
cap hpi has developed a new tool to price optional extras on used vehicles more accurately.
January saw used values at the three-year, 60,000-mile point reduce by a negligible 0.1%, equivalent to £90 on average, according to experts at cap hpi.
January is seeing a relative stabilisation of used car values following a difficult last quarter for the market, according to cap hpi experts.
The average value of a used car at 3yrs/60k has fallen again in December, but Cap HPI said seasonal norms are returning.
Dylan Setterfield, head of forecast strategy at cap hpi, explores what 2024 may hold following the market realignment at the end of 2023.
Mark Turnbull has been promoted to director of OEM and consulting at cap hpi, charged with extending the consulting team’s global OEM reach
The Vertu Motors group is working with cap hpi to help manage risk and optimise profits in a volatile used car market
November saw used trade values fall by 4.2%, equivalent to £775 at the three-year age point, according to experts at cap hpi.
The average used car wholesale value had dropped 2.5% by November’s mid-month point, furthering the 4.2% decline that Cap HPI recorded in October.
